Accounting

Fair Value Accounting For Crypto To Begin In 2024, Confirms FASB

Leave a Comment / Accounting, Value / azlan90

The Financial Accounting Services Board (FASB) announced on Wednesday that it has officially adopted fair value accounting for crypto assets starting next year. The change is expected to make Bitcoin and other digital currencies far more welcoming to hold on corporate balance sheets, despite their intermittent price volatility. FASB’s Major Accounting Change Per FASB’s latest […]

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Accounting Prof Exposes Mishandling of Customer Funds During FTX Trial

Leave a Comment / Accounting, Exposes / Avery Clarkson

A renowned accounting professor from the University of Notre Dame, Peter Easton, has delivered a stark revelation during the Sam Bankman-Fried trial. Easton’s meticulous analysis of Alameda Research and FTX’s financial records unambiguously affirms the mishandling of customer funds. The government enlisted Easton to conduct an exhaustive examination of the financial landscape of FTX and

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